Biometric Onboarding Seen As Must-Have in FinTech Fight Over Identity Theft

AML/KYC Tracker®

More digital banking services means more of an opportunity for identity theft. In the “AML/KYC Tracker®,” a PYMNTS and Trulioo collaboration, Tom Curran, chief risk and compliance officer at Upgrade, explains how using data combined with biometric tech has helped reduce fraud at account opening in a secure, compliant way.

Inside the December Tracker

An interview with Tom Curran, chief risk and compliance officer for Upgrade, on how FIs and FinTechs can mitigate identity theft and online fraud and meet AML/KYC regulatory requirements while also providing customers with a seamless digital banking experience
Recent headlines from the AML and KYC space, including how Hong Kong’s regulatory body recently fined local banks $5.7 million for AML noncompliance and how new online threats and regulatory pressures are driving FIs to update their AML/KYC practices
A Deep Dive examining how adopting biometrics, artificial intelligence and machine learning technologies is helping banks to remain AML/KYC compliant and keep customers secure